The Alibaba (BABA) versus Amazon (AMZN) contest is getting more interesting. Alibaba is now convinced that Bezos' Alexa-enabled Echo smart speaker is really an effective way to compel more people to do repeat online purchases. It understood why Apple (AAPL), Google (GOOG) (NASDAQ:GOOGL), and Samsung (OTC:SSNLF) all came up with copycat versions of the Amazon Echo. Jack Ma also probably believed RBC Capital Markets' projection that the Echo speaker could generate $10 billion in business for Amazon by 2020. Even though Alibaba is a Business-to-Business [B2B] e-commerce operator, it is now selling its own $73 smart speaker.
Alibaba is entering the fray of digital speaker assistants in a bid to compete with Amazon The Chinese company unveiled the Tmall Genie X1,' which will go for about $73. A link has been sent to your friend's email address. A link has been posted to your Facebook feed. Alibaba is entering the fray of digital speaker assistants in a bid to compete with Amazon The Chinese company unveiled the Tmall Genie X1,' which will go for about $73.
AI continues to evolve and pervade business functions and applications across industries. In retail, AI's use has moved well beyond warehouse management and e-commerce algorithms. Companies are now deploying it to help solve far more complex problems and facilitate functions across their businesses. In this report, our second in the Artificial Intelligence in Retail series, we outline some of the key areas in which 30 global retailers are using AI across business functions. We also examine in detail how two of the largest global technology-led retailers, Amazon and Alibaba Group, are using AI in alignment with our proprietary CORE framework.
Just days after news emerged that Samsung is working on its own AI-equipped speaker, Chinese giant Alibaba is also entering the fray. The Tmall Genie, which does a similar job to Amazon's Alexa, lets you control your home and offers news, music playback and a raft other skills via voice assistant AliGenie. Unlike Samsung's as-yet ephemeral offering, however, the Tmall Genie will be available on July 17th for the equivalent of $73. The device is only available in China and for now only speaks Mandarin. Alibaba isn't the first Chinese company to foray into the increasingly-saturated smart speaker market: Baidu's got the Xiaoyu Zaijia and JD.com boasts the LingLong DingDong.
Alibaba and BMW have used the Consumer Electronics Show (CES) in Las Vegas this week to announce another joint innovation, with the Chinese giant's voice assistant technology to be made available in-car. Alibaba's AI product development unit, A.I. Labs, revealed its voice assistant Tmall Genie will be available for use in-car to BMW customers in China by the end of 2019. The move will extend the car-maker's BMW Connected service, which is already integrated with other Tmall Genie-compatible devices. BMW Connected was launched in China in December 2016 and is currently used by 1.5 million customers, Alibaba said. The new in-car offering will allow customers to use the in-built Tmall Genie as they do with other devices, with the BMW's display screen serving up text and images.